Note 5 - Income (Loss) Per Share (Tables)

3 Months Ended

Jun. 30, 2012

Schedule of Earnings Per Share Reconciliation [Table Text Block]

The Company’s basic income (loss) per common share is based on net income (loss) for the relevant period, divided by the weighted average number of common shares outstanding during the period. Diluted income (loss) per common share is based on net income (loss), divided by the weighted average number of common shares outstanding during the period, including common share equivalents, such as outstanding stock options. Diluted loss per share for the three months ended June 30, 2012 and 2011 do not include common stock equivalents, as these stock equivalents would be anti-dilutive.

	Three Months Ended			Three Months Ended
	June 30, 2012			June 30, 2011 (Restated)
Basic net loss per share computation:
Net loss attributable to common stockholders	$	(668,800	)	$	(80,795	)
Weighted-average common shares outstanding		2,698,984			2,647,138
Basic net loss per share attributable to common stockholders	$	(0.25	)	$	(0.03	)
Diluted net loss per share computation
Net loss attributable to common stockholders	$	(668,800	)	$	(80,795	)
Weighted-average common shares outstanding		2,698,984			2,647,138
Incremental shares attributable to the assumed exercise of outstanding stock options		-			-
Total adjusted weighted-average shares		2,698,984			2,647,138
Diluted net loss per share attributable to common stockholders	$	(0.25	)	$	(0.03	)